Sunday, October 10, 2010
PORTAND, OR – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, represented NIKE, Inc. (NYSE: NKE) in its lease of 189,385 square feet of office space on the Tektronix campus (middle right photo) in Beaverton.
The transaction took the form of an 82,495-square-foot-lease at Building #55 (top left photo), located at 14200 SW Karl Braun Drive, and a 106,890 square-foot-lease at Building #58, 2540 SW Alan Blumlein Way.
"This new office space will house a combination of new and current Nike IT employees," said Nike Spokesperson Erin Dobson.
“The majority of new staff will come from third-party vendors with a small number being full-time Nike hires. As with many businesses, Nike’s IT resources are managed on a flexible basis. Our growth in this area is part of our strategic approach to manage necessary investments and updates in our systems.”
According to Grubb & Ellis research, this lease represents the largest new office lease in the Sunset Corridor since 2000 and will push vacancy in the Sunset Corridor office submarket down to 23.1 percent from 27.6 percent, its lowest level since the fourth quarter of 2008.
Brad Fletcher, executive vice president and managing director of Grubb & Ellis represented Nike.
Mark Carnese, senior director, Paul Carlson, director and Tom Usher, senior director of Cushman & Wakefield of Oregon represented Tektronix.
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